American Church Mortgage Company Declares Second Quarter Dividend
July 15 2009 - 2:20PM
PR Newswire (US)
MINNETONKA, Minn., July 15 /PRNewswire-FirstCall/ -- AMERICAN
CHURCH MORTGAGE COMPANY ("ACMC"), Minnetonka, Minnesota, announced
the declaration by its Board of Directors of a shareholder dividend
for its second quarter ended June 30, 2009 of $.11 per share. The
dividend is to be paid on July 31, 2009 to shareholders of record
as of July 28, 2009. Total revenues for the second quarter were
$994,639, versus $920,942 for the second quarter of 2008.
Year-to-date (six months) operating income (before items) was $.23
per share versus $.22 per share for the six-month period ended June
30, 2008. The Company operates as a real estate investment trust
and revenues of the Company are derived primarily from interest
income earned from loans to churches and other non-profit religious
organizations. On April 1, 2009, American Church Mortgage Company
registered its new public offering of $20,000,000 of Series "C"
Secured Investor Certificates with the SEC. The offering is being
conducted by American Investors Group, Inc., Minnetonka, Minnesota
on a best efforts basis. For more complete information about ACMC's
public offering, including charges and expenses, a Prospectus may
be obtained from American Investors Group, Inc., 10237 Yellow
Circle Drive, Minnetonka, Minnesota 55343 or by calling (800)
815-1175 extension 134. Investors are encouraged to carefully read
the Prospectus before investing and forwarding funds. Information
concerning ACMC is available on its website,
http://www.church-loans.net/ or by calling (800) 815-1175 extension
124. DATASOURCE: American Church Mortgage Company CONTACT: Scott J.
Marquis, Vice President of American Church Mortgage Company,
+1-952-252-0909 Web Site: http://www.church-loans.net/
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